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Buying a home, do I need to pay extra now?
I'm just starting my home search. I talked to an agent who said that I might need to pay his commission, but that maybe we could get the seller to pay. Is this normal?
Asked By Keith | Tallahassee, FL | 160 views | Buying | 7 months ago
Answer(2)
Legislation changed in August of 2024, which requires a Buyer Representation Agreement between you and your agent. There are options as to who can/will pay the buyer agent compensation. That is why the agreement is necessary so all of this can be determined upfront.
- 4 months ago
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Aime Peralta
ERA The Real Estate Store
By Law since 08/17/2024 every buyer must sign BRE CAR form as an agreement with your buyer agent to show you any house.
Buyer Representation Agreement (BRE) the commission is negotiable, that means that you commit to your buyer agent to pay commission but also with this form the buyer agent can negotiate that the seller pays the commission to the buyer agent, that is why the commitment between buyer agent and buyer signed the BRE CAR Form is necessary.
- 7 months ago
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